Exhibit 99.1

                       FLEETWOOD REPORTS PRELIMINARY
                   REVENUES FOR FISCAL 2007 FIRST QUARTER

  -- Sales declined in shorter quarter; Company rolling out new products --

Riverside, Calif., August 3, 2006 - Fleetwood Enterprises, Inc. (NYSE:FLE)
announced today preliminary sales for the first quarter of fiscal 2007,
which ended on July 30, 2006. The quarter was a standard 13-week quarter
compared to last year's 14-week quarter.

Company revenues for the quarter were approximately $529 million, a decrease
of 14 percent from last year's first quarter total of $616 million.
Quarterly sales for recreational vehicles declined 12 percent, while
manufactured housing revenues were off by 29 percent.

Recreational vehicle sales for the first quarter were approximately $370
million, down from $423 million a year ago. Towable sales improved, while
motor home revenues declined. Travel trailer sales were up 16 percent to
$122 million, compared with $105 million in the prior year, while folding
trailer sales rose 17 percent to about $24 million from $21 million in last
year's first quarter. Motor home revenues were lower by 25 percent at $225
million compared with $298 million in the same period a year ago.

"As expected, higher, more volatile fuel prices and rising interest rates
resulted in weaker motor home sales during the quarter," said Elden L.
Smith, president and chief executive officer. "Despite the dampening effects
of those macroeconomic factors, we were able to transition from the
production of 2006 to 2007 models and clear plant inventories of prior year
products without significant discounting. Strength in this segment is
currently concentrated in entry-level, more affordable and more fuel-
efficient products, which are now better represented in our 2007 motor home
lineup. We are pushing forward with the development of additional models
that more completely fill these growing niches.

"We are pleased to report year-over-year improvement for the third
consecutive quarter in travel trailer sales, and continued strength in the
division's backlog," Smith continued. "We have launched some lighter weight
and more affordable products that have seen excellent dealer acceptance. Our
folding trailer division is also benefiting from a consumer shift toward
lightweight, easy-to-tow products."

Preliminary first quarter manufactured housing sales were $145 million. This
compares with last year's sales of $204 million before eliminating
intercompany sales of $26 million to our retail business, which has since
been sold and classified as a discontinued operation.

"Industry trends in manufactured housing, combined with the disposition of
our Company-operated retail stores, have impacted sales across the country,"
Smith said. "We are encouraged that our backlogs have improved steadily over
the past several weeks. Our initiatives to add new independent retailers,
our plans to play a significant role in providing permanent replacement
housing in the Gulf Coast region, and our steps toward increasing our
participation in non-traditional markets make us confident that we are well
positioned for upcoming quarters. We continue to believe in manufactured
housing as a solution to the nation's need for quality, affordable housing.

"Our first quarter results will be affected by the soft motor home and
manufactured housing markets, combined with lower-than-normal labor
efficiencies in the travel trailer division," Smith continued. "As
previously announced, we experienced a shortage of parts for some of our new
travel trailer models which, although temporary, caused interruptions to our
production flow and some shipping delays. As a combined result of these
factors, we will not break even at the operating income line this quarter.
We are making moves to rationalize our capacity at several of our plants to
better match expected demand going into the slower fall and winter seasons.
We are reducing SG&A costs, and expect to see further improvement in our
warranty costs. Over the longer term, we expect that both of our industries
will rebound, and in the meantime, we continue to focus on positioning
ourselves to be a more efficient provider of quality, innovative
recreational vehicles and manufactured homes."

The Company also announced that, prior to the end of the quarter, it
purchased and cancelled 1,000,000 shares or 24.8 percent of its previously
outstanding 6% convertible trust preferred securities. The transaction price
of $31 per share represented a discount of approximately 39 percent from the
par value of $50 per share, taking into account accrued and unpaid interest.
Debt was reduced by $50 million and, although operating results were not
impacted, the Company's after-tax bottom line will reflect a net gain of
approximately $15 million. The repurchase will reduce annual interest
expense on these securities by about $3 million. The Company confirmed its
intent to pay the distributions due on its remaining 6% securities on August
15, 2006.

About Fleetwood
Fleetwood Enterprises, Inc., through its subsidiaries, is a leading producer
of recreational vehicles and manufactured homes. This Fortune 1000 company,
headquartered in Riverside, Calif., is dedicated to providing quality,
innovative products that offer exceptional value to its customers. Fleetwood
operates facilities strategically located throughout the nation, including
recreational vehicle, manufactured housing and supply subsidiary plants. For
more information, visit the Company's website at www.fleetwood.com.

This press release contains certain forward-looking statements and
information based on the beliefs of Fleetwood's management as well as
assumptions made by, and information currently available to, Fleetwood's
management. Such statements reflect the current views of Fleetwood with
respect to future events and are subject to certain risks, uncertainties,
and assumptions, including risk factors identified in Fleetwood's 10-K and
other SEC filings. These risks and uncertainties include, without
limitation, the lack of assurance that the Company will regain sustainable
profitability in the foreseeable future; the Company's ability to comply
with financial covenants on existing debt obligations and to obtain future
financing needed in order to execute its business strategies; the volatility
of our stock price; the impact of ongoing weakness in the manufactured
housing market and more recent weakness in the motor home market; the effect
of global tensions, fuel prices, interest rates, and other factors on
consumer confidence, which in turn may impact demand for Fleetwood's
products; the availability and cost of wholesale and retail financing for
both manufactured housing and recreational vehicles; repurchase agreements
with floorplan lenders, which could result in increased costs; the cyclical
and seasonal nature of both the manufactured housing and recreational
vehicle industries; potential increases in the frequency of product
liability, wrongful death, class action, and other legal actions; expenses
and uncertainties associated with the manufacturing, development and
introduction of new products; the potential for excessive retail inventory
levels in the manufactured housing and recreational vehicle industries; the
highly competitive nature of our industries; and lack of acceptance of
Fleetwood's products.

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